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    MBA: REFI’S ACCOUNT FOR 75% OF COUNTRY’S MORTGAGES

    BY JIM FREER
    Special Correspondent

    Even though mortgage rates likely will remain near historic lows, prospects remain dim that residential lending will stage a big rebound around the country this year, according to recent data from the Mortgage Bankers Association of America.

    Just how low are mortgage rates, and what are the forecasts for rates and mortgage volume this year?

    Freddie Mac’s survey of lenders for Jan. 28 showed a national average of 4.98 percent for 30-year fixed-rate mortgages. That survey also showed averages of 4.39 percent for 15-year fixed-rate loans and 4.29 percent for U.S. Treasury-Indexed one-year adjustable rate mortgages.

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    CityCenter condos may outperform market
    Las Vegas Sun, Posted: 02/08/10

    CityCenter is starting to finalize sales of condominiums, which coincides with already difficult conditions in the Las Vegas high-rise condo market, analysts said.

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    Pricey land buy on Las Vegas Strip a bit of a surprise
    Las Vegas Sun, Posted: 02/08/10

    Vacant land on the Las Vegas Strip changed hands last week in the first such deal on the famed 4-mile corridor since the recession.

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    Developer gets 2 acres on Las Vegas Strip for $25 million
    Las Vegas Sun, Posted: 02/04/10

    A Las Vegas developer has acquired more than two acres at a key intersection on the Las Vegas Strip for $25 million after being deemed the only qualified bidder in a Clark County auction.

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    Help near for ailing businesses in Las Vegas
    Las Vegas Review-Journal, Posted: 02/08/10

    When William Payne moved to Henderson from San Diego a few years ago, he noticed a change in the business climate different from what local boosters were touting.

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    Banks Resume Commercial Real Estate Lending Despite Losses Ahead
    Wall Street Journal, Posted: 02/08/10

    Banks and other financial institutions have resumed making loans to commercial real estate developers and owners, even as they face as much as $150 billion in losses on earlier lending in the sector.

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    Las Vegas: a tale of two very different casinos
    Telegraph UK, Posted: 02/04/10

    One stands at the south end of the Las Vegas Strip, a shimmering mirage of modernist glass architecture, fountains, and towers, spread across a 67-acre site.

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